AU21 Capital, one of the most influential investment firms in the blockchain and cryptocurrency space, has announced its investment in XFai, a decentralized oracle service provider. XFai has recently caught the attention of other major investors such as LD Capital and Rarestone Capital, and raised $3.8 million USD within 12 hours, an uncommon event in the context of private sales in the DeFi space.
The reason behind XFai’s recent streak of investments is its groundbreaking technology. Firms such as AU21, who are committed to “backing the most brilliant founders in blockchain,” have seen the potential in XFai to open a whole new ecosystem for small to mid-cap tokens. In total, this represents over $250 billion in crypto and DeFi projects that are not reaching their potential. A problem XFai could resolve.
These tokens usually